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Briefings - 1084. page

Former Secretary of The Deceased Vice Premier May Face Death Sentence

Wang Weigong, former secretary of the deceased Huang Ju, Executive Vice Premier of China was arrested for corruption involving Shanghai’s social security funds and may face a death sentence. The scale of corruption was reported to be as high as 45 million yuan (US$6.1 million), which is the largest known amount of corruption. It was reported that Wang has refused to disclose any other names involved in this case including Jiang Mianheng, the son of Jiang Zemin, former President of China.

Source: Powerapple, December 29, 2007
http://news.powerapple.com/article/2007/1229/article_33729.html

China’s Economy is Not as Robust as We Think

On December 20, 2007, the International Herald Leader under Xinhua published an article calling on western countries to reconsidertheir their strategy in pushing for an adjustment in the RMB exchange rate. The reason: a World Bank study found the Chinese economy is overestimated by about 40 percent.

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